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WHY REAL ESTATE IS PROFITABLE IN LAGOS STATE BY DENNIS ISONG

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WHY REAL ESTATE IS PROFITABLE IN LAGOS STATE BY DENNIS ISONG

WHY REAL ESTATE IS PROFITABLE IN LAGOS STATE BY DENNIS ISONG

 

 

 

 

There was a young man named Tunde who was born and raised in Lagos, Nigeria. However, as he got older, he decided to move abroad in pursuit of better opportunities.

 

 

 

WHY REAL ESTATE IS PROFITABLE IN LAGOS STATE BY DENNIS ISONG

 

 

 

He settled in the United States and began building a successful career in finance. Despite his success, Tunde couldn’t shake off the feeling of homesickness. He often thought about his family and friends back in Lagos, and the beautiful city that he had left behind.

 

 

 

 

 

 

 

 

Years passed, and Tunde had all but given up on ever returning to Nigeria. However, one day, he received a call from his sister back in Lagos.

 

 

 

 

 

 

 

 

She told him about the booming real estate market in the city and how property prices were skyrocketing. Tunde was intrigued and began researching the market.

 

 

 

 

 

 

 

He discovered that there was indeed a huge demand for properties in Lagos, and that the returns on investment were quite high.

 

 

 

 

 

 

After much consideration, Tunde decided to invest in a couple of properties back in Lagos.

 

 

 

 

 

He partnered with a reputable local real estate company, and soon enough, he had a few properties under his belt. To his surprise, the returns on his investment were even higher than he had initially thought.

 

 

 

 

 

 

Tunde was thrilled with the success of his investments, and he couldn’t believe that he had almost missed out on such a great opportunity.

 

 

 

 

 

 

 

Feeling financially secure and with a sense of fulfillment, Tunde decided to return to Lagos.

 

 

 

 

 

 

He was greeted with open arms by his family and friends, and he felt like he was truly home. He decided to give back to the community and started mentoring young entrepreneurs interested in the real estate market.

 

With his newfound success and sense of belonging, Tunde couldn’t be happier. He realized that sometimes, taking a chance and going back to one’s roots can lead to great rewards.

 

 

 

 

 

 

Without dragging feet and picking from Tunde’s experience, let me highlight why real estate is profitable in Lagos state?

 

  1. Population growth

 

Lagos is the most populous city in Nigeria, with a population of over 21 million people. This large population creates a constant demand for housing, making real estate a profitable investment.

 

  1. Economic growth

 

Lagos is the commercial capital of Nigeria and one of the fastest-growing economies in Africa.

 

 

Economic growth in the city leads to an increase in disposable income, which in turn drives demand for real estate.

 

  1. Limited supply

 

The supply of land in Lagos is limited, which drives up property values. The government has also placed restrictions on the development of certain areas, further limiting the supply of land available for real estate development.

 

  1. Foreign investment

 

The Nigerian government has been actively promoting foreign investment in the country, and Lagos is a popular destination for foreign investors. This has led to an increase in demand for real estate and driven up property values.

 

5.Rental income

 

The high cost of living in Lagos and the limited availability of affordable housing make rental properties a profitable investment.

 

The demand for rental properties is consistently high, which allows landlords to charge high rents and enjoy steady rental income.

 

  1. Developing Infrastructure

 

Lagos is undergoing significant infrastructure development. The government is investing in the construction of new roads, bridges, and public transportation systems.

 

 

This infrastructure development is making it easier for people to move around the city and access different areas, which is driving the development and growth of real estate markets in previously underdeveloped areas.

 

  1. High returns on investment

 

Real estate in Lagos tends to appreciate in value over time, offering investors high returns on their investment.

 

This is due in part to the limited supply of land and the high demand for housing, as well as the city’s economic growth and infrastructure development.

 

  1. Diversification

 

Investing in real estate in Lagos can diversify an investment portfolio, as it offers a different type of investment opportunity than traditional stocks or bonds.

 

Diversifying one’s investments can help mitigate risk and potentially provide higher returns over time.

 

Buying a property in Lagos is a venture you can never regret. In Nigeria, there’s a huge market that favors everyone in real estate already. Why don’t you start taking some steps toward it?

 

Dennis Isong is a TOP REALTOR IN LAGOS.He Helps Nigerians in Diaspora to Own Property In Lagos Nigeria STRESS-FREE. For Questions WhatsApp/Call 2348164741041

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Enhancing public safety and security: The Halo Trust, US Govt partner to provide ammunition handling and accounting training at Ikeja Lagos, Nigeria

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Enhancing public safety and security: The Halo Trust, US Govt partner to provide ammunition handling and accounting training at Ikeja Lagos, Nigeria

 

 

 

The Nigeria Police Force Explosive Ordnance Disposal – Chemical Biological Radiological and Nuclear (NPF EOD-CBRN) has successfully completed the first batch of training for 19 personnel on Ammunition Handling and Accounting Course. The training, held in Ikeja, Lagos, from December 3-20, 2024, was organized by The HALO Trust and sponsored by the United States Department of State’s Bureau of International Narcotics and Law Enforcement Affairs.

According to The HALO Trust’s Country Director for Nigeria, Prince Ganiyu Otunba, this training is part of aholistic NPF-HALO developed project aimed at supporting personnel capacity building, addressing equipment needs, and enhancing the operational readiness of the NPF EOD-CBRN Command to mitigate explosive ordnance threats in Nigeria. A second batch of 22 personnel is scheduled to undergo the same training in January.

The Inspector General of Police, IGP Kayode Adeolu Egbetokun PhD, NPM, through the CP EOD–CBRN CP Patrick Atayero expressed gratitude to the Bureau of International Narcotics and Law Enforcement Affairs andThe Trust HALO for their support.

The training aimed to equip NPF EOD-CBRN personnel with the knowledge, skills, and best practices necessary to handle and account for ammunition and explosives safely and securely. The course also focused on ensuring proper accounting and record-keeping, preventing theft and diversion, reducing the risk of unplanned explosions at munitions sites, and promoting international best practices.

The NPF appreciates the support provided by the United States government, which will have a profoundly positive impact on the society.
CP Patrick Atayero emphasized the importance of responsible ammunition management in preventing the proliferation of illicit weapons and reducing the risk of unplanned explosions at munitions sites. He urged all stakeholders to collaborate with the Police in efforts to prevent the diversion, misuse, and unauthorized handling of explosive and other hazardous materials.

 

About HALO
The HALO Trust is the world’s largest humanitarian organization engaged in the field of Mine Action and weapons and ammunition management. With over 35 years’ experience, The HALO Trust is the most experienced organization in the field of Weapons and Ammunition Management, rehabilitating and constructing armouries and ammunition stores to international standards, disposing of unsafe and unserviceable weapons and ammunition, and building national capacity to allow for the safe, accountable and secure management and control of weapons and ammunition.
The HALO Trust presently implements Mine Action and weapons and ammunition management projects in 30 countries and territories. In 2024, HALO trained a total of 106 Nigeria security forces personnel in weapons and ammunition management.

Enhancing public safety and security: The Halo Trust, US Govt partner to provide ammunition handling and accounting training at Ikeja Lagos, Nigeria

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“Sentenced to Death for Stealing a Fowl: The Shocking Case of Segun Olowookere Sparks National Outrage”

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“Sentenced to Death for Stealing a Fowl: The Shocking Case of Segun Olowookere Sparks National Outrage”

“Sentenced to Death for Stealing a Fowl: The Shocking Case of Segun Olowookere Sparks National Outrage”

 

The Nigerian social media space was thrown into an uproar on Tuesday as news spread about Segun Olowookere, an only child, who was sentenced to death by hanging for stealing a fowl in Osun State. The case, which dates back to 2010, has raised serious questions about justice, fairness, and the Nigerian judicial system.

Olowookere, now 31, was arrested alongside Sunday Morakinyo in Oyan, Odo-Otin Local Government Area, when he was just 17 years old. Accused of robbing a police officer of two fowls and eggs worth ₦20,000, the duo was convicted in 2014 by Justice Jide Falola of the Osun State High Court.

The Arrest and Trial

According to Olowookere, his ordeal began when a group of minors, allegedly involved in theft, named him as their gang leader. Despite his denial, he was subjected to severe torture by police officers and detained without immediate legal recourse.

“The police demanded ₦30,000 for my bail, but my father could only raise ₦20,000. Before he could return with the full amount, I was transferred to the Special Anti-Robbery Squad in Osogbo,” Olowookere recounted.

At trial, six witnesses testified against him. Although he pleaded not guilty and claimed innocence, the court relied heavily on a controversial confession reportedly obtained under duress. Justice Falola sentenced both Olowookere and Morakinyo to death for armed robbery, life imprisonment for robbery, and three years for theft.

Public Outcry and Calls for Justice

The harsh sentence, perceived as disproportionate to the crime, has ignited widespread criticism. Human rights lawyer Femi Falana (SAN) condemned the ruling, arguing that the trial was unlawful since Olowookere was a minor at the time of the offence.

Falana stated, “The Osun State High Court lacked jurisdiction over the case. The matter should have been handled by the Family Court, which would not impose the death penalty on a child.”

Governor Adeleke’s Intervention

“Sentenced to Death for Stealing a Fowl: The Shocking Case of Segun Olowookere Sparks National Outrage”

Osun State Governor Ademola Adeleke has ordered an investigation and initiated steps for a pardon. “I assure the public that this case is receiving urgent attention. Justice and fairness must prevail,” the governor announced on X.

Lingering Appeal and a Tarnished Legacy

The case is still pending appeal at the Court of Appeal, Akure, 13 years after it began. Meanwhile, Justice Falola, who presided over the trial, was recently retired by the National Judicial Council following a separate scandal involving professional misconduct.

The Human Toll

Olowookere, who has spent over a decade on death row, dreams of becoming a doctor. He has trained under medical practitioners at his custodial center and hopes to prove his innocence and contribute to society.

“I pray to God to set me free. I am not a criminal. I’ve never stolen anything in my life,” he said.

Morakinyo, his co-convict, was not as fortunate. Following years of torture, he has developed severe mental health issues and is now unrecognizable, according to Olowookere.

What’s Next?

As the public awaits the conclusion of the appeal process, Olowookere’s story has become a rallying point for advocacy against systemic injustice. Many Nigerians are calling for comprehensive judicial reforms to prevent such cases in the future.

The tragedy of Segun Olowookere is a grim reminder of the cracks in Nigeria’s justice system—cracks that have left a young man’s life hanging in the balance for over a decade.

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Nigerian Man Returns ₦5 Million Mistakenly Sent to His Account Amid Economic Hardship

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Nigerian Man Returns ₦5 Million Mistakenly Sent to His Account Amid Economic Hardship

A Nigerian man, Ben Kingsley Nwashara, has become a symbol of integrity after returning ₦5 million mistakenly deposited into his bank account during a time of widespread economic hardship in the country.

Nigerian Man Returns ₦5 Million Mistakenly Sent to His Account Amid Economic Hardship

Nwashara shared his experience on X (formerly Twitter) on December 20, posting a screenshot of the unexpected transaction alert. He expressed astonishment at receiving such a large amount during challenging financial times.

“Someone mistakenly sent me ₦5,000,000 (Five Million Naira) to my Fidelity Bank account. In this hard time? I’ve been getting calls from different persons because of this,” he wrote.

Determined to resolve the situation lawfully, Nwashara immediately contacted the police to report the incident, explaining his intent to protect himself from potential fraud accusations.

“I will be headed to the police station to make a statement. Let the bearer of the account come and confirm he or she sent it with evidence,” he added.

In a follow-up post, he shared evidence of his integrity—a receipt showing the successful return of the funds to Sliding Towers Global Limited, the original sender. Additionally, he documented his visit to the Ogui Police Station in Enugu to ensure transparency and accountability.

“Let it be on record that I’ve returned the sum of ₦5Million mistakenly sent to me by one Sliding Towers Global Limited. I’ve also made an entry at the Ogui Police Station, Enugu, to this effect,” Nwashara stated.

His actions have garnered widespread praise on social media, with many commending his honesty and strong moral compass, particularly during Nigeria’s current economic challenges.

“This is the kind of integrity we need in our society. He didn’t succumb to the temptation to keep the money despite the hardship,” one user wrote.

Ben Kingsley Nwashara’s exemplary behavior has sparked conversations about ethics and accountability, proving that integrity still thrives in unexpected situations.

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